I like the reduced size. If I was taking a long trip, I think I would take the new, smaller version. When you are running around from city to city for a few weeks size and weight matters. I think a lot of women, probably millions will see it as purse size and prefer it over a regular size iPad while out and about. There may also be business applications where the smaller size is preferred such as in store POS or for some sales presentation. This is like Porsche coming out with an SUV years after everyone else to fill a niche that their original lineup didn't cover. It will do well.